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Former teenage soldier hatches millions from Chinese egg futures SHANGHAI, Aug 2- A decade ago Zhang Xiongjie was a teenage infantryman patrolling China's bleak border with North Korea. Now he stays in swanky hotels and drives a Mercedes Benz CLS- a remarkable rags-to-riches journey achieved in part by dominating one of the most obscure corners of China's unruly financial markets: egg futures. The story of how he earned so much...
Source: Reuters
| By: Engen Tham

Private equity pioneer Kohlberg dies at age 90 Jerome Kohlberg Jr., the veteran financier who pioneered the leveraged-buyout industry, died on Thursday at his home in Martha's Vineyard. He was 90.
Source: The New York Times
| By: Michael J. de la Merced

UPDATE 2-S.Korea July exports fall, outlook on China grows gloomier SEOUL, Aug 1- South Korean exports extended their losing streak to a seventh straight month in July, pointing to little respite in sight for Asia's trade-reliant economies as Chinese demand cools and global commodity prices take a fresh tumble. Shipments to China and the European Union fell and growth tailed off in exports to the United States.
Source: Reuters
| By: Christine Kim and Choonsik Yoo